Trading news and sentiment

Collected 18 pips off usdcad with broad dollar weakness and bullish oil sentiment. Collected another 12 pips off usdjpy. That is me done for the day, tomorrow is a quiet day on the calendar so will see where sentiment goes.

Another 30pips off the brexit no deal vote. This is a significant development in the brexit saga. Next stop extension, article 50 being revoked, or another referendum. A nice end to a day trading news and sentiment. By the way i made that trade while watching it live on sky news.

Another 30pips off the brexit no deal vote. This is a significant development in the brexit saga. Next stop extension, article 50 being revoked, or another referendum. A nice end to a day trading news and sentiment. By the way i made that trade while watching it live on sky news.

Ignored

Cool. So how did you approach it? You bought GBP on the no deal vote results? Can you please explain.. and show us, when you bought.. and how long did you hold? and the price is now back to the same place.. so what was the reason, you didn't hold it longer?
Thank you

{quote} Cool. So how did you approach it? You bought GBP on the no deal vote results? Can you please explain.. and show us, when you bought.. and how long did you hold? and the price is now back to the same place.. so what was the reason, you didn't hold it longer? Thank you

Ignored

This vote was key to ruling out uncertainty as it means parliament will not support a no deal brexit, a majority ,which is key to the eu coming back to the table.
I actually bought it as soon as they read out the yes votes, but before they read out the no votes. The number was high enough to have a very good chance of being the majority so I got in before all the algos.
I held for about 5 seconds as these events can be extremely volatile so the goal for me is to take a share of the initial move which I did. The price then went on an additional 100+ pips later but you can never know that beforehand so holding is a risk. Time in the market increases risk and while on the odd occasion price might continue, as it did here, most of the time it won't and ends up being the bright place to get out.

Bought into a continuation of Brexit sentiment this morning. The gift that keeps on giving. The news last night is so significant that there was no way in hell sentiment would soften today given that the last 2 years "no deal is better than a bad deal" is off the table. Currently up 30 pips and hoping a breakout would take it further .

Collected 58 points. That's probably me done for the day unless something else comes along. If you are wondering why I am not holding for more, given that it could go hundreds of points, it is because more often than not holding onto a trade ends up with less profit or even a loss. Sentiment can shift in a blink of an eye, all it takes is one tweet, one interview, one breaking headline. Keeps the account growing steadily and overall more profit.

This is the dynamic money management system I have been talking about.it alone is the reason i am steadily taking 10 percent on average a month on average (some months more, few months less). It all adds up, account growth looks something like this

0.1%
0.5%
0.2%
0.9%
1.2%
0.5%

Etc

As you can see I don't work risk reward ratios which doesn't work because the market gives what it does and not what you want.

Sentiment battling to break. A signal it's time to get out. It might break but that's a risk you dont need to accept. There are plenty of opportunities available. If you were holding it wouldn't be a pleasant experience watching profit erode. I booked 1.8% on this trade which is a nice contribution towards my monthly goal of 10%

No major scheduled news for the day. Taking any cues from Treasury Yields and US stock markets. There was Chinese data in the apac session that showed a deepening of job losses. There is also a large delay in China US trade talks and weaker US housing data. Nothing concrete just yet, will have to wait and see how it develops. Brexit sentiment for me is on hold until tonight's vote.

No major scheduled news for the day. Taking any cues from Treasury Yields and US stock markets. There was Chinese data in the apac session that showed a deepening of job losses. There is also a large delay in China US trade talks and weaker US housing data. Nothing concrete just yet, will have to wait and see how it develops. Brexit sentiment for me is on hold until tonight's vote.

Ignored

Did you enter any position with the vote tonight Eco on extending Article 50, or do you think it was already priced in as the result was expected?

{quote} There's going to be a few more opportunities coming up: Next up the EU summit......... Ah Mrs May's going to try to get her deal though the Commons Monday or Tuesday, just heard ............. Another vote!

Ignored

With the volatility lately, bring it on. It has been a very profitable month and we still have two and a half weeks left. It's rather peculiar reading across this forum how people are avoiding sterling while there's plenty of profit up for grabs, and its easy money.

You showing an interest in this stuff puts you ahead of the 90+ percent that lose. It's a function of research which gives you trade opportunities when new information hits the wire. The beauty of it is you can trade economic releases and central bank communication, and you can supercharge profit by adding unscheduled news. if you work full time you can literally trade according to a predefined economic release schedule so it doesn't interfere with work. The overhead is the research required to give you the edge. This includes digesting and understanding central bank policy and a align that with economic data releases, with trade opportunities being a deviation in market expectations. It's not difficult but seems to have a bad rep due to misinformed opinion.

Anyways, you should pickup the general gist of it with the new content foemat.

Watching oil , 10 year yields, and usdcad after the data that was released. It isn't tier 1 data but today is quiet and professional traders might latch onto this as a trade. Here is the analysis.

The data release with a deviation on both sides so looking for current $ strength sentiment to falter at this level for a potential sell. This will only be relevant if yields fall back below that zone though.